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Students to Comment on Unrecoverable Student Loans

OTTAWA, Feb. 19, 2015 /CNW/ - Representatives of the Canadian Federation of Students will be available for comment on the federal supplementary spending estimates.

Today's Treasury Board proposal to write off approximately $300 million in unrecoverable student loans brings the total spent on unpaid student debt to more than $1 billion in the past four years.

"The student loan system is unsustainable and record-level debt has long-term, destructive effects on students, their families, and the economy," Said Jessica McCormick, National Chairperson of the Canadian Federation of Students.

The Canadian Federation of Students is composed of over one-half million students across the country from more than 80 university and college students' unions. Post-secondary students in Canada have been represented by the Canadian Federation of Students and its predecessor organisations since 1927.

SOURCE Canadian Federation of Students

For further information: Sarah McCue, s.mccue@cfs-fcee.ca or 613-232-7394